Supply chain

Three organizations have collaborated to launch a significant supply chain financing initiative for Aramco's suppliers. Aramco, Taulia, and the Saudi Industrial Development Fund (SIDF) have signed agreements to establish this program, which is considered one of the largest globally. Ziad T. Al-Murshed, Aramco's CFO, emphasized the benefits of this FinTech solution, stating it offers suppliers a unique and competitive financing...

Nabt, a Saudi agritech startup, has secured USD 1.5 million in a seed funding round led by Merak Capital. This investment will help Nabt accelerate its product development and expand its market influence, aiming to transform Saudi Arabia’s fresh produce landscape. Merak Capital, known for backing technology-driven sectors such as sustainable agriculture, sees this funding as a crucial step towards...

Agility, a prominent force in supply chain services, has unveiled plans for the final expansion phase at its Agility Logistics Parks (ALP) in Riyadh. This project involves a significant investment of SR250 million ($66.6 million), adding 100,000 square meters of top-tier warehousing space. By completion, the park will span a total of 551,368 square meters. The initial phase is slated...

The Special Integrated Logistics Zone Company (SILZ) is advancing Saudi Arabia's logistics landscape with the launch of "Riyadh Integrated," the nation's first special logistics zone. This initiative, covering 3 million square meters, was introduced by Saudi Arabia’s General Authority for Civil Aviation in 2022. During the Global Logistics Forum in Riyadh, SILZ signed three significant memoranda of understanding (MoUs) aimed...

Interested in learning about the top SCM Software startups in Saudi Arabia? Here's a quick overview of some notable companies making waves in this sector. Intelmatix offers AI and cloud-based data analytics solutions, focusing on retail, e-commerce, real estate, and logistics. Founded in 2021 in Riyadh, it is in the Series A stage with $20M funding from investors like The...

National Petrochemical Industrial Co. (NATPET), a prominent Saudi polypropylene resin producer, has notably enhanced its supply chain efficiency through a strategic alliance with A.P. Moller - Maersk. This partnership has significantly reduced lead times, boosting NATPET's competitiveness in the global market. The collaboration has cut lead times by approximately 44%, from 15-18 days to under 10 days. This improvement is...

JEDDAH — The Saudi Ports Authority, also known as Mawani, in conjunction with its strategic partner LogiPoint, a subsidiary of the Cisco Group, has made a pivotal announcement. On Tuesday, it was revealed that Jeddah Islamic Port has been officially included on the London Metal Exchange (LME) roster.This milestone is a testament to the port's essential function in bolstering international...

The esteemed London Metal Exchange (LME) has recently endorsed the renowned Red Sea port city of Jeddah in Saudi Arabia as an official warehouse delivery point for commodities such as copper and zinc. This significant development was announced on a recent Monday.According to the LME, this new listing will be operational three months subsequent to the accreditation of the initial...

The imperative for sustainable practices is reshaping industries worldwide, with logistics and the supply chain sector being no exception. At the forefront of this transformation is the green hydrogen plant nestled in the burgeoning smart city of Saudi Arabia, representing a leap towards an eco-friendly future.Harvested from renewable sources, green hydrogen stands as a beacon of hope against the environmental...

Logistics Middle East is thrilled to present the first-ever Saudi Power 30 List, an initiative to recognize the game-changers in the logistics and supply chain sectors within Saudi Arabia.What exactly is the Saudi Power List? It's an elite roster acknowledging the most influential figures in logistics and supply chains in the nation. These individuals have mobilized their organizations to reach...